The Maine Angels is a private equity investment network that helps entrepreneurs by investing in early stage companies and mentoring many of our portfolio companies. We make sound investments in promising New England entrepreneurs with an emphasis on Maine businesses.
July 2014: The members have collectively invested over $12.5 Million in 52 companies, 96% of which are in the northern New England region, and 22 are Maine companies. While the average individual investment in a deal is $25,000, and our average initial deal size is $250,000, there have been over 50 additional investments rounds in some of our portfolio companies. (Some companies have attracted multiple follow on rounds so that 9 have received over $400K and 2 have received over $1M in investment). For companies requiring a higher raise, we will syndicate with our strategic partners such as Maine Venture Fund and Maine Technology Institute, or other angel groups within our New England ACA region (23+ angel groups with whom we have quarterly syndication summits). The Maine Angels Investment Network now has 77+ members who are accredited investors (per SEC criteria requirements), with 47+ new members since the current leadership teams' election in Sept 2011.
In 2012, members collectively invested just over $3.4 million in 21 regional deals (besting each of the previous 9 years and placing Maine Angels as #10 in a national survey, the Halo Report, of the Top 10 most active angel investing groups in the country by # of deals. (7 of those deals were Maine Seed Capital Tax Credit companies).
PO Box 9715
Portland, ME 04110
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